This article translated what I wrote in japanese into English. Although it may be unclear by the expression of English, if you read this article you can grasp the image of ADK(Aidos Kuneen)
ADK’s EU bank name is Payrico and location is Lithuania
It seems that Payrico, which will be established in Lithuania, will offer a savings account with an annual interest rate of 10%.
The annual interest rate of 10% is amazing ٩ (๑> ◡ <๑) ۶
And all of the following ADK banks will ask you to pay the account opening fee with ADK!
- “Sumac Bank” in Kenya
- “Hakika Bank” in Tanzania
- Bank of Uganda
- “Badoer Capital” to be established in Dubai
- “Payrico” in Lithuania
If you open an account by yourself, you will need an ADK equivalent to 300 $.
When the account opening starts, ADK will be purchased and paid from 10.2 million cards in the market, so the ADK in the market will decrease each time the account opening fee is collected.
In other words, opening an account requires ADK payment, which leads to an increase in ADK price. Please refer to the following article for details.
Approach to Malawi
ADK is now looking to the Republic of Malawi and seems to be ETF related.
The presidential candidate of the Republic of Malawi, Lazarus Chakwera, was scheduled to meet with ADK founder Don, but it has been postponed due to the influence of Covid.
ADK to acquire a Dominica bank! ?
On April 5, 2020, ADK’s investment firm Badoer Investments sent a tweet about the acquisition of a bank in Dominica.
Dominica will be last piece of the puzzle in our worldwide banking network:
Payrico Lithuania (Europe) Live Q4 2020
Sumac Bank kenya (Africa) Since 2018
Hakika Bank Tanzania (Africa)Since 2018
Badoer Capital Dubai (Asia) Live TBA
Dominican Bank (America) Pending Acquisition https://t.co/UiiSgVqvmj
— Ricardo Badoer (@Donrico77) April 5, 2020
I already have online banking and Swift code
Dominica banks already have online banking and are even more fully functional.
Furthermore, since it seems to have Swift code, I expect that it will be possible to get up and running in a short period of time if the acquisition is completed.
Get advice from law firm “Caribbean Commercial and IP Law Practitioners”
Updated on ADK official website
“Dominican Bank” has also been added to the ADK official website PROGRESS TIMELINE.
Do not cut salary even during lockdown
This is Don’s tweet that he will not cut salaries for employees even during lockdown. It’s really wonderful!
Being that I my self tasted hardships in my life, I feel is important to take responsibility and show solidarity to the ones that depend on me. I will make sure all Badoer Investments employees will not get any pay cut during the lock down including Wazito FC and MGTV
— Ricardo Badoer (@Donrico77) April 3, 2020